Dollar edges higher ahead of retail sales, speeches by Fed officials [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.125, but still lies below Friday's 1 1/2-month high of 105.80.. Dollar sees volatile trading The U.S. currency has seen volatile trading over the last week, weighed by cooling inflation readings but then supported by the Federal Reserve reducing the number of cuts projected this year to just one, from three in March. Investors are trying to work out when the Federal Reserve will start cutting interest rates, and thus will be studying the retail sales data for May, due later in the session. Economists are expecting retail sales to have risen 0.3%, after they were unexpectedly flat in April. Also of interest will be the speeches of a number of Fed officials during the week. Philadelphia Fed President Patrick Harker indicated on Monday that investors should probably only expect one interest rate cut this year. "If all of it happens to be
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